# CJPY（Convertible JPY Token)

Ticker：CJPY\
Contract address：0x1cfa5641c01406aB8AC350dEd7d735ec41298372\
<https://etherscan.io/token/0x1cfa5641c01406ab8ac350ded7d735ec41298372>　

CJPY is a permissionless stablecoin that can be minted & redeemed by any user against ETH collateral. Therefore the total supply fluctuates accordingly. No CJPY are locked or vested, so the total supply is the circulating supply.

<div align="left"><figure><img src="https://1517961883-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FtZmAgK7zyInTSczRjfO3%2Fuploads%2FQt0fA9PgzaVrNtIoV7hz%2FCJPY_logo.png?alt=media&#x26;token=22556181-ddda-492a-9b97-d6e7c61fb5a2" alt="" width="188"><figcaption></figcaption></figure></div>